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JUNE 2024

Hello everyone,

As June arrives, we're thrilled to bring you the latest updates on Andaz Turks & Caicos. In this edition, we'll dive into the newly released Reef Collection, showcase the construction progress happening on-site, and announce a recent sales milestone. Thank you for following along with our ever-evolving project!

Best regards,
Jon Siegel & Matt McDonald

Colorful Corals

The Reef Collection

The Reef Collection Residences at the Andaz Turks & Caicos comprises six exclusive units uniquely positioned closer to the water and the reef than any other property on Grace Bay. These residences are more than luxury homes; they are a testament to our commitment to environmental sustainability and ocean conservation.

As the very first partners in the Turks & Caicos Reef Fund "Reef Keeper” program, we are dedicated to supporting coral conservation and advancing global coral education and research. We invite you to join us in this extraordinary lifestyle experience, where luxury meets a profound dedication to preserving the natural beauty of the Turks & Caicos Islands.

Meet the Developers

The Driving Force Behind The First Ever Hyatt-Andaz in The Caribbean

R. Matt McDonald

Managing Director, Vista Developments, Ltd.

R. Matt McDonald is Managing Director of Vista Development, Ltd. and ProNet Capital, LLC, Vista’s Colorado-based sister company. ProNet Capital, which Mr. McDonald co-founded in 2000, is a boutique private equity and real estate development firm with an established track record in the development and co-development of multifamily properties in the Seattle area and hospitality properties primarily in the Caribbean market. 

Since 2004, McDonald has pioneered luxury villa development in Turks & Caicos, including the highly acclaimed Mother’s House, which achieved 2017’s highest resale price at $7.625 million, further showcasing his leadership in successful Caribbean developments. As Director of Development for NCPA, McDonald managed the marina and residential development on over 100 acres of property in the North Creek area of Grand Turk. McDonald's close personal ties with the islands’ local community further enrich his approach, fostering meaningful connections and understanding within the region.

In this current role, Matt oversees the strategic planning and execution of the project, leveraging his extensive experience in real estate development and financial restructuring. He is responsible for coordinating with stakeholders, managing the project's progress, and ensuring that the development meets its high standards of luxury and quality.

Jonathan Siegel

COO, CFO, Co-founder, Vista Developments, Ltd.

Jon is a highly experienced individual with strong expertise in real estate, business development, finance, venture capital, and investment properties. As the COO, CFO, and Co-founder of Vista Development Ltd., he plays a pivotal role in the company's success.

In his position as Partner and Managing Director, Jon takes charge of major decisions and serves as the final overseer of all financial processes. His dedication and commitment to the project are evident, as he has a deep connection to and love for the Turks & Caicos, where he chose to get married on Grace Bay beach. Now, he is spearheading the development of what he believes will be one of the world's finest resorts.

Under Jon's leadership, Vista Development Ltd. is responsible for the development of the Andaz Turks & Caicos. Mr. Siegel played a key role in structuring and modeling the project to attract equity investors and secure financing of over $100 million. He negotiated and closed the purchase of the site's parcels, assembled the development team, and secured Hyatt and the Andaz brand as the hotel operator.

Jon takes great pride in the perseverance, stamina, and determination displayed by the entire Vista Development team. With our collective efforts, we are achieving remarkable milestones and are on track to create an exceptional resort experience in the Caribbean.


“There are so many exceptional aspects to the Andaz Turks & Caicos resort – the gracious arrival experience, the beachfront swimming pool areas, the sunset bar overlooking Grace Bay, and the fact that all amenities have breathtaking views – but, what I am proudest to present on behalf of Vista Development is The Penthouse Collection.”

– Matt McDonald
Managing Director, Vista Developments, Ltd.

Standing apart from anything Grace Bay has seen before, each of our residences were thoughtfully designed in every way to enhance the experience of one of the world’s most celebrated beaches.

Six different floor plans catering to a variety of lifestyles — all taking inspiration from chic urban architecture as well as the authentic emotional essence of the Turks and Caicos Islands.

We invite you to explore the possibilities of life amongst this exclusive Grace Bay Beach address.

1, 2, and 3 Bedroom Residences On Sale Now.

5th Floor Underway!

Whether you're strolling down Grace Bay Beach or cruising along Leeward Hwy, you can't miss our structure standing tall amidst the island view. Our on-site team has proudly completed the fourth floor of both towers, and the concrete slab for the fifth floor is now underway. As of May 27, 2024, 5th level P4 floor slab formworks, steelworks, and casting are 80% complete. Additionally, we are progressing with the pool backfilling and compaction, incorporating termite treatment. Interested in witnessing the action firsthand? Contact Ulf Bengtsson, our Director of Sales, to arrange an exclusive private tour.

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